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Unaudited Q4 2021: Middletown reports higher revenues, $1M transfer to capital fund and pension gains
Summary
Finance director presented unaudited Q4 2021 results showing revenues above budget—driven by ARPA and stronger transfer and earned‑income taxes—an internal $1,000,000 transfer to the capital fund and pension investment gains reported at about 12% year‑over‑year.
At the Feb. 22 meeting the board received an unaudited fourth‑quarter 2021 financial and pension update from the township finance director (identified in the transcript as Mega Bendari). The director noted the figures are unaudited and still subject to minor change pending the audit.
Key points presented: revenues exceeded budget…
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